356 - 366 N Orange Grove Ave, Los Angeles, CA 90036
- $5,750,000
- 24
- BD
- 16
- BA
- 19,149
- SqFt
- List Price
- $5,750,000
- MLS#
- 23-307653
- Status
- ACTIVE UNDER CONTRACT
- Type
- Multifamily
- Bedrooms
- 24
- Bathrooms
- 16
- Living Area
- 19,149
Property Description
The Orange Grove Portfolio - 356, 360, 366 N Orange Grove Ave, represents an extraordinary opportunity to purchase assets that haven't been available for sale in over 50 years! It's a one-of-a-kind chance that will allow the astute investor to purchase 3 contiguous parcels located within a highly desirable sub-market characterized by affluent demographics and substantial barriers to entry. This expansive 19,201 square-foot property, spread across three contiguous parcels, represents an exceptional investment opportunity with its LAR3 zoning providing a solid foundation for various residential development projects. Additionally, its Tier 3 classification within the Transit Oriented Communities (TOC) program offers strategic benefits, including density bonuses, height incentives, and potential parking reductions, making it an ideal canvas for high-value multi-unit housing or innovative urban developments. Per our calculations, a buyer can build up to twenty-eight (28) units (buyer to verify).
Additional Information
- Year Built
- 1927
- Garage
- None
Mortgage Calculator
Courtesy of Marcus & Millichap, Saadia 'Sam' Liberow.
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